Narendra Modi-led government will complete three years in power next month on May 25. The government has two more years to ‘re-energize’ the economy, re-start the investment cycle and accelerate job growth, says a report by the Deutsche Bank.
Letters and emails exchanged between the two show how secretary Amitabh Verma set up meetings for Mallya with the chairpersons of various banks and get access to information that might have helped it get loans.
Sheth is excited about Hindustan Petroleum Corporation (HPCL) due to high sensitivity to diesel marketing margins which are likely to be a lever for oil marketing companies.
Columnist & Editor Shekhar Gupta, feels the arrival of the new government has been a bigger game-changer than Obama‘s visit, while Political analyst Sanjaya Baru compares the current situation to the relationship between Japan, US and China during the Cold War, which set the stage for China‘s rise as a political and economic power.
In a free-wheeling interview, former Finance Minister P Chidambaram highlights that the new gas price will be deemed an accomplishment only if it ushers in newer investors.
Yet, the market shrugged it off as a non-event, and in a way, investors were happy that the Vote on Account, or Interim Budget, was just that. The Sensex ended the day at 20464, up 97 points and the Nifty at 6073, up 25 points.
The road network in the country has witnessed a whopping over seven-fold increase at 3.89 lakh kilometres in the UPA-I and UPA-II regime, Finance Minister P Chidambaram today said.
Market is likely to be watchful for the government's progress on fiscal consolidation. According to the SGX Nifty, the market is likely to open up 21.5 points at 6083.
While the UPA-I was marred by charges of corruption and scams, it did deliver on certain promises like bringing into force the Right to Information Act, or RTI, and the National Rural Employment Guarantee Act, or NREGA, Bharat Nirman programme, National Rural Health Mission, Sarva Shiksha Abhiyaan and the mid-day meal scheme.
According to NK Singh, former finance secretary and advisor to JDU, parties that would otherwise oppose each other will come together to create a balanced macroeconomic environment and to launch new liberalisation policies.
Till date, the UPA's brainchild UID has covered 66% of Madhya Pradesh population. But the BJP ruled state has not only mapped its entire 7.5 crore population through its own unique identity number system christened Samagra.
A brief check GDP growth and their correlation (lack of it) with the Nifty in the past 22 quarters.
According to Arvind Panagariya, even when India is facing a slowdown in economic growth and currency crisis, its economy is growing around 5 percent which was considered high growth rate previously. He, therefore, expects Indian economy to see a turnaround in another year and half.
Telecom Minister Kapil Sibal today alleged that there was "rampant corruption" under the BJP government in Madhya Pradesh.
Finance Minister P Chidambaram on Monday had a post Budget meeting with representatives of industry associations.
Indian National Congress leaders are expected to give to Finance Minister P Chidambaram this week their wish- list for 2013-14 Budget to make it a 'please-all' affair at a time when Lok Sabha polls are not far away.
Economy and political editor Siddharth Zarabi, CNN-IBN editor-in-chief Rajdeep Sardesai, BJP national spokesperson Nirmala Sitharaman and Hindustan Times political editor Vinod Sharma discuss on CNBC-TV18 if the political logjam would lead to another failed Parliament session.
BJP leader L K Advani today created a storm in the Lok Sabha by dubbing UPA-II as "illegitimate" but withdrew it after strong protests from Congress.
In what could be a major indication of Rahul Gandhi joining the UPA government, the Congress General Secretary on Thursday said he would play a "more active role in party and government".
The government today claimed the country would bounce back to eight per cent growth rate this financial year and held there was no paralysis in the UPA II government as alleged by some sections.
Stepping out of the capital, the Group of Ministers (GoM) on Media today held an interaction with journalists here to assuage concerns over the current economic situation, saying there is no cause for alarm or panic.
Is the Congress readying itself to dump Trinamool Congress chief Mamata Bannerjee and get Samajwadi Party chief Mulayam Singh Yadav to replace her as an ally? The Samajwadi Party chief was the star of UPA-II's third anniversary dinner.
Prime Minister Manmohan Singh on Tuesday presented the report card of UPA-II as the government completed its third year in power. Addressing the gathering, the Prime Minister conceded that the government needs to do better, adding that he welcomes a constructive debate.
There are only a few hours before the UPA releases its three year report, and CNBC-TV18's Siddharth Zarabi reports that the mood currently is one of despondence.
According to sources, foreign retailers will not be allowed to open front-end stores till mid 2012, reports CNBC-TV18's Elan Dutta.